Trump says that companies should no longer be forced to present themselves on a quarterly basis
The director of investments in the regions, Alan McKnight, discusses companies “will sail through misty time” on “the Clarman’s countdown”.
President Donald Trump suggested on Monday that US public companies are expected to drop from reporting on quarterly profits to semi -annual reports, arguing that change would reduce costs and encourage long -term business planning.
He noted that any change would be subject to the approval of the Securities and Exchange Commission (SEC).
“This will save money and allow managers to focus on correct management of their businesses,” wrote Trump on Truth Social. “Have you ever heard the statement that” China has a 50 to 100-year view of the management of a business, when we run our businesses on a quarterly basis ??? not good !!! “, said Trump.
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President Donald Trump said companies should stop bringing profits on a quarterly basis. (Katopodis Tasos / Getty Images / Getty Images)
The dry did not immediately respond to the request for comments from Fox Business.
Trump’s proposal to remove quarterly reports is not new. In 2018, during his presidency, Trump ordered the dry to study the question, although the agency finally kept the quarterly requirements in place.
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“Speaking with some of the main business leaders in the world, I asked what would make business (jobs) even better in the United States” stop quarterly reports and go in a six-month system, “said one.
During his first mandate, in 2018, Trump said that he had asked the dry to study the transition from the quarterly semi -annual report. (Michael Nagle / Bloomberg / Getty Images / Getty Images)
The quarterly deposit requirements can be expensive for businesses, and they often amplify investor pressure to provide short -term results.
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The proposed change would also lead to American rules more in accordance with practices in the United Kingdom and the European Union, where companies are required to submit semiannement, but can publish quarterly reports if they wish.
Quarterly deposit requirements can be expensive for businesses. (Michael Nagle / Bloomberg / Getty Images / Getty Images)
In the United States, however, many investors and managers are focused on the performance of quarterly profits, whether it is a company “BAT” or “lacks” analysts’ expectations.
On the other hand, switching to half -yearly reports would encourage a longer -term perspective.
